NOT LISTED FOR SALE

Estimated Value: $832,556 - $961,000

6 Beds
4 Baths
2,804 Sq Ft
$323/Sq Ft Est. Value

Last Sold May 19, 2016

Last sale price $580,000 $207 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $5,518/month

11 Days on Market

Highlights

  • Fenced Yard
  • Coin Laundry
  • Level Lot
  • Shed

About This Home

As of May 2016

This complex features 4 units - (2) two bedroom/one bath units, and (2) one bedroom/one bath units. The units are all rented and vacancy is never an issue (as soon as a for rent sign goes up, there are 10+ applicants the following day). The two downstairs units have a small fenced yard space, and there's a shared outdoor seating/BBQ area. All Tenants have been here a lengthy amount of time and would, of course, like to stay; however, at this time, all are on a month to month basis. There are 4 covered carports, one dedicated to each unit and an extra guest parking. There is also a coin-operated laundry on-site which generates some additional income. Owner has recently relocated their primary residence to Santa Barbara thus is interested in selling this complex. If you've ever wanted to g

Last Agent to Sell the Property

Sonya Haifi

P.B. & Associates License #01940936 Listed on: 03/26/2016

Last Buyer's Agent

Steve Iwasko

United Country Real Estate License #01951385

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,379

Year Built

  • Built in 1971

Lot Details

  • 6,970 Sq Ft Lot
  • Fenced Yard
  • Level Lot

Parking

  • Covered Parking

Home Design

  • Slab Foundation
  • Shake Roof
  • Shingle Roof
  • Tar and Gravel Roof
  • Wood Shingle Exterior
  • Stucco

Interior Spaces

  • 2,804 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Shed

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • Cable TV Available

Community Details

  • 4 Units
  • Coin Laundry
  • Operating Expense $14,400

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for electricity, gas, trash collection, water
  • Assessor Parcel Number 123-084-021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,379

Year Built

Built in 1971

Lot Details

0

Listing Details

  • FILLACRES: 0.16
  • ApproxYrBlt: 1971
  • Directions To Property: From Broadway, go west on Orange, units are on the right.
  • Listing Member Name: Sonya Haifi
  • Listing Office Short Id: 160
  • List Office Board Code: Santa Maria
  • Lot Size Sq Ft: 6970.00
  • Major Area: 15 - SM Southwest
  • Open House Office I D: 20170308161026314088000000
  • Property Sub Type: Multi-Family
  • Prop. Type: B
  • Selling Member Short Id: 8505
  • Selling Office Short Id: 629
  • Building Stories: 2
  • Tract Suffix: Street
  • OFFICELIST_ZIP4: 5513
  • Unit Levels: Two
  • Geen Feat.: Cable Available, Curbs/Gutter, Paved Streets, Street Lights
  • Income And Expenses Annual Operating Exp: 14400.00
  • Landlord Pays: Electricity, Gas, Trash Collection, Water
  • Special Features: None
  • Stories: 2
  • Year Built: 1971

Interior Features

  • Total Bathrooms: 4.00
  • Total Bedrooms: 6
  • Laundry: Coin Op, Laundry Eq/Own

Exterior Features

  • Additional Buildings: Tool Shed
  • Exterior: Stucco, Wood Shingle
  • Exterior Features: Fenced Yard
  • Foundation: Slab
  • Roof: Shake, Shingle, Tar/Gravel, Wood

Garage/Parking

  • Parking: 1 - 5, Covered

Utilities

  • Air Conditioner: None
  • Heating: Wall Furnace
  • Separate Meters: Electric, Gas

Lot Info

  • Lot Characteristics: Level
  • Zoning Description: See Remarks

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Tax Info

  • Assessor Parcel Number: 123-084-021

Multi Family

  • Annual Operating Expense: Electricity, Gas, Insurance, Maintenance, PRP Tx/Assessment, Trash, Water/Sewer
  • Total Number Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2016
Closed on
Apr 18, 2016
Sold by
Reyes Joe and Reyes Jennifer
Bought by
Tucker Paul Michael
Seller's Agent
Sonya Haifi
P.B. & Associates
Buyer's Agent
Steve Iwasko
United Country Real Estate
Sold Price
$580,000
Current Estimated Value
$906,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$326,889
Avg. Annual Appreciation
4.71%
Original Mortgage
$435,000
Outstanding Balance
$346,437
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$544,129

Purchase Details

Closed on
Jul 3, 2013
Sold by
Reyes Joe and Reyes Jennifer
Bought by
Reyes Joe and Reyes Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,900
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2005
Sold by
Armentrout David P and Dickson Mercedes Marie
Bought by
Reyes Joe and Reyes Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2003
Sold by
Armentrout David P
Bought by
Armentrout David P and Dickson Mercedes Marie

Purchase Details

Closed on
Sep 24, 2002
Sold by
Lspi Exchange Corp
Bought by
Armentrout David P

Purchase Details

Closed on
May 15, 2002
Sold by
Neal Gary A and Neal Joanne D
Bought by
Lspi Exchange Corp
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tucker Paul Michael $580,000 Fidelity National Title Co
Reyes Joe -- First American Title Company
Reyes Joe $628,000 Chicago Title Company
Armentrout David P -- --
Armentrout David P -- Fidelity National Title
Lspi Exchange Corp $412,000 Fidelity National Title Co
Neal Gary A -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tucker Paul Michael $435,000
Previous Owner Reyes Joe $407,900
Previous Owner Reyes Joe $428,000
Previous Owner Armentrout David P $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2016 05/19/16 Sold $580,000 -- $207 / Sq Ft
Source: North Santa Barbara County Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,379 $686,594 $142,051 $544,543
2023 $7,379 $659,935 $136,536 $523,399
2022 $7,144 $646,996 $133,859 $513,137
2021 $6,959 $634,311 $131,235 $503,076
2020 $6,950 $627,808 $129,890 $497,918
2019 $6,871 $615,499 $127,344 $488,155
2018 $6,785 $603,432 $124,848 $478,584
2017 $6,711 $591,600 $122,400 $469,200
2016 $8,048 $724,962 $346,319 $378,643
2015 $7,918 $714,073 $341,117 $372,956
2014 $7,555 $700,086 $334,435 $365,651
Source: Public Records

Agents Affiliated with this Home

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Source: North Santa Barbara County Regional MLS

MLS Number: 1065007

North Santa Barbara County Regional MLS

APN: 123-084-021